You pay your sales personnel a commission of 50% of the amount they sell over $2000. X = Sales has mean $5000 and standard deviation $1000. What are the mean and standard deviation of commission payments?

Crowdly

Add to Chrome

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

You pay your sales personnel a commission of 50% of

the amount they sell over $2000.

Sales has mean $5000 and standard deviation $1000.

What are the mean and

standard deviation of commission payments?

Mean is $3,000 and SD is $750

❌

Mean is $1,500 and SD is $500

✅

Mean is $2,500 and SD is $1000

❌

Mean is $500 and SD is $500

❌

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!

Add to Chrome